During the last session 15M of Clover Health Investments, Corp. (NasdaqGS:CLOV)’s shares were traded. The stock closed at $2.11 per share indicating that it lost -$0.07 or -3.21% during that day which brings the Clover Health Investments, Corp.’s valuation to $993.50M.
The 52-week high for the Clover Health Investments, Corp.’s shares is $28.8500. That puts it -92.69% from that peak with a 52-week low of $2.0800, while the S&P 500’s share price change was of 12.04%.
What does the trading volume tell us about the CLOV stock?
During the last trading session, Clover Health Investments, Corp. (NasdaqGS:CLOV) has seen growth in its daily volume. The daily volume was of 15M, while in the last 10 days the average was 12.99M and last three months – 14.05M.
Growing short interest
The Clover Health Investments, Corp.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 27.95M shares being shorted which translates into 2.07 of a short ratio for CLOV, while in the previous month the shorted shares were 24.7M.
Clover Health Investments, Corp. (NasdaqGS:CLOV)’s financials
With a market cap of 993.50M, Clover Health Investments, Corp. holds a total cash of $442.1M that translates into $1.05 per share, while the total debt is of $28.48M.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 139.30%. The current revenue is of $1.16B that is $4.07 per share.
This is a great sign for a bright future.